Members of the House Homeland Security Committee introduced a cybersecurity bill on Thursday that would establish a quasi-governmental entity to oversee information-sharing with the private sector.

Like the other cybersecurity bills offered by the House GOP, the Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness (PrECISE Act) encourages private firms to share information on cyber threats but stops short of mandating new security standards for sectors deemed critical to national security.

“The risk of cyberattack by enemies of the United States is real, is ongoing and is growing,” said Chairman Pete King (R-N.Y.). “The PrECISE Act, in line with the framework set forth by the Speaker’s Cybersecurity Task Force led by Rep. [Mac] Thornberry [R-Texas], protects our critical infrastructure without a heavy-handed and burdensome regulatory approach that could cost American jobs.”

The bill would clearly delineate the cybersecurity functions of the Department of Homeland Security by requiring DHS to evaluate cybersecurity risks for critical infrastructure firms and determine the best way to mitigate them.